BUSINESS LOANS

Loan Calculator










Annuity Reducing

BUSINESS LOAN GORTSARAR

From 3-50 million AMD

With 13.9% interest rate

Up to 84 months period from which

up to 24 months  are grace period.



If you need money for
 

      replenishment of working capital
      capital investments  
 

As well as for other similar purposes and You can pledge  corresponding property, then Kamurj UCO offers You business loan with following conditions:


Loan granting conditions 


Indicators

limits

Borrowers**

RA citizen (s) and RA resident individual (s) (individual entrepreneurs)

The resident legal entities

Age limitation

Borrower's age at the moment of applying minimum 20, maximum 70

Loan amount 

3 - 50 million AMD

Loan maturity       

For capital investments  for 84 months*
For replenishment of working capital up to 36 months    

Annual interest rate

14%

Grace period (when only the loan interests are repaid)

For capital investments  for 24 months
For replenishment of working capital up to 9 months    

Loan disbursement fee            

0% 

Loan application review fee

0 AMD

Cash withdrawal fee

0.20%

Personal investment 

At least 20% of the investment amount must be made of the borrower’s own funds. 

Loan repayment form 

Conventional (Interest is charged on the outstanding balance of the loan amount)

Applicable penalties

Overdue loan amount and overdue interest rates 0.12% per day (maximum 90 calendar days)

Lending territory              

Yerevan, all the regions of RA 

Loan Security

Real estate or moving property

Additional security Guarantee for Legal entity and / or individual, pledge of moveable property and so on
Pledge Insurance

Is not mandatory

The borrower covers the insurance expenses according to the tariffs of insurance companies
Loan / Collateral value ratio

 a)In case of immovable property up to 60% of liquidation price

b)In case of movable property and village equipments up to 50% of valuated price

c) In case of movable property up to 40% of liquidation price

Maximum length of decision-making

 Within 7 days after presentation of all the required documents

Maximum length of  loan granting

Аfter the state registration and submission of the pledge right: 2 working days

 

  

 Application rejection decision for Private Entrepreneurs and Legal Entities 

Apllication rejection decision for Individuals


 

Not allowed objectives for Lending 

Prohibited Investment Activities 

Not allowed loans connected with Nature Protection according to Asian Development Bank’s handbook Part I, Part II



 

Penalty payment

If the borrower does not perform his loan repayment liabilities in time, or does it partially  (according to the agreement between the Creditor and the Borrower), the borrower is obliged to pay fines to the creditor. Starting from the default day 0,2 percent of the overdue amount will be calculated for each day as a penalty.If the borrower does not perform his loan interest rate payment liabilities in time, or does it partially (according to the agreement between the Creditor and the Borrower), the borrower is obliged to pay fines to the creditor. Starting from the default day 0,3 percent of the overdue interest amount will be calculated for each day as a penalty.


List of necessary documents

 

For Legal Entities and Private Entrepreneurs

For Individuals

 

 

 

ATTENTION: If you do not perform your whole liabilities within prescribed time, the information about you will be recorded in the Credit Register of the Central Bank of Armenia by the creditor.

 

WARNING: Your assets (house, car, etc.) may be confiscated if you do not make payments of interest and credit amount within the prescribed time as well as other regulations specified in the agreement between you and the “Kamurj” company.